Adon Agro Commodities Limited will open its initial public offering (IPO) on June 29, 2026, targeting to raise ₹44.03 crore. The company set the price band between ₹66 and ₹70 per share for the fresh issue of 62.90 lakh equity shares, each with a face value of ₹1, according to livemint.com.
The IPO allocation includes quotas for qualified institutional buyers (QIBs), non-institutional investors (NIIs), and retail investors. The net proceeds from the fresh issue are planned to be used for funding working capital requirements and general corporate purposes. The company disclosed these details as part of its IPO announcement on June 25, 2026, per livemint.com.
This public offering comes as part of a broader trend of agro-commodity firms seeking capital through the BSE SME platform, which provides smaller companies access to public markets. The ₹44 crore target places Adon Agro among mid-sized IPOs in the sector this year. The price band of ₹66-70 per share is in line with recent SME IPOs, reflecting investor appetite for agricultural commodity businesses.
The IPO's opening on June 29 will mark a key milestone for Adon Agro Commodities. Investors will be able to subscribe to the shares at the declared price band, with the company aiming to strengthen its balance sheet and support operational growth through the fresh capital raised, as stated by the company in its filing.